This program requires interest-only payments for the first year to ensure repayment costs remain low as the small business works through the pandemic response and rebuilding periods.
The City will provide grants and reimbursements of interest and/or principal balances to businesses that meet certain criteria, including employee retention and re-hiring of their workforce.
To qualify, a business must have between 2 and 100 employees in addition to business owners. Also, the business must have at least one (1) year in operations and provide the most recent year’s filed tax returns
For more information on this program and to apply, go to https://vystarcu.org/coronavirus